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QUESTION 13 Please illustrate when the prospect theory resembles to expected utility theory based on the following formula: Expected Utility Theory E(U ) = >

QUESTION 13 Please illustrate when the prospect theory resembles to expected utility theory based on the following formula: Expected Utility Theory E(U ) = > _PU(W) Prospect Theory E(V) = > x(pr )v(x - r) n( pr) = pr' / [pr + (1 - pr) ] (x)

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